CBDT to validate UDIN generated from ICAI portal at the time of upload of Tax Audit Reports

According to Finance Ministry CBDT will validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports.

Daily Current Affairs Quiz 2020

Key-Points

Unique Document Identification Number (UDIN) is a unique number given to documents attested by Chartered Accountants in Practice. It is an 18 digits system generated unique number which shall generated separately for each document.

Institute of Chartered Accountants of India (ICAI), in its gazette notification dated 2nd August, 2019, had made generation of UDIN from ICAI website mandatory for every kind of certificate/tax audit report and other attests made by their members as required by various regulators.

This was introduced to curb fake certifications by non-CAs misrepresenting themselves as Chartered Accountants.